Tech Company Financing Transactions
Skribe.ai Funding Round
Skribe.ai, based in Austin, raised $3.5 million from private investors.
Transaction Overview
Company Name
Announced On
5/22/2024
Transaction Type
Venture Equity
Amount
$3,500,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to strategize and execute early-stage initiatives in preparation for widespread commercialization.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
13215 Bee Cave Parkway A220
Austin, TX 78738
USA
Austin, TX 78738
USA
Phone
Website
Email Address
Overview
Skribe is an easy to use, AI-powered alternative to the 7,000+ court reporting agencies in the United States. Skribe was developed in response to three megatrends facing litigators: 30% (and growing) shortage of court reporters. Convenience and cost saving benefits associated with wide spread Zoom adoption. Court reporting firms are increasingly expensive and frustrating to work with. ~$800/hr for traditional transcription and video services.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tom Irby
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Where The Data Comes From
We do our best to document every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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